Acct chapter 17 concepts

long-term liability and owners' equity items

financing activities involve.

expenses on an accrual basis are greater than expenses on a cash basis

if accounts payable have increased during a period

revenues on an accural basis are greater than revenues on a cash basis

if accounts receivable have increased during the period...

deducted from net income

in calculating cash flows from operating activities using the indirect method, a gain on the sale of equipment is...

addition to net income

in calculating cash flows from operating activities using the indirect method, a loss on the sale of equipment will appear as a(n)...

in a separate schedule at the bottom of the statement

land acquired from the issuance of common stock is reported...

purchase of a long-term investment in bonds

purchase of the following transactions wouldn't be classified as a financing activity? purchase of treasury stock, payment of dividends, issuance of bonds at a discount, purchase of a long-term investment in bonds

depreciation expense

added to net income using the indirect method? increase in A/R, decrease in A/P, Depr. expense, or increase in prepaid expenses.

operating activities

cash receipts from interest and dividends are classified as...

all of these

to determine the net cash provided (used) by operating activities, it's necessary to analyze? --the current year's income statement, comparative balance sheet, additional information, or all of these

added to net income

using the indirect method, patent amortization expense for the period is...

inflow in the investing section

when equipment is sold for cash, the amount received is reflected as a cash...

gain on sale of equipment

which of the following adjustments to convert net income to net cash provided by operating activities isn't added to net income? gain on sale of equipment, depreciation expense, patent amortization expense, depletion expense

payment of an accounts payable

which of the following affects cash during a period? write-off of an uncollectible A/R, recording depreciation expense, payment of an accounts payable, or declaration of a cash dividend

an increase in A/R

which of the following would be subtracted from net income using the indirect method? depreciation expense, an increase in A/R, an increase in A/P, or a decrease in prepaid expenses

payment of cash dividends

which of the following wouldn't be needed to determine net cash provided by operating activities? change in A/R, change in prepaid expenses, payment of cash dividends, or depreciation expense